It can be hard to plan for an event that won't take place for decades.
But when it comes to retirement, tucking money away early will lead to exponential growth in the future. If you want to save millions by the time you are 40, you'll need to put away a substantial amount of money as soon as you land your first job.Here's how much you will need to start investing every month to reach $2 million — broken down by your target age.
First, let's go over how we got the numbers. The math assumes you are starting with no money in savings, that your investments will earn 4% in annual returns, and that you start saving at 22 and fresh out of college.
acorns DemonRats won’t let you...they want you broke!
acorns JFC. Basically saying to be rich, you have to be rich. Pretty tone deaf considering the US is currently debating AGAINST raising poverty-lvl minimum wages. Check out this infographic (coincidentally found on CNBC site from 2018
acorns Can you make a video now on how someone at age 22 'fresh out of college' with just enough money to put away for savings and rent of 1,200 is going to make 119,000 yearly before taxes and expenses? Can't wait!
acorns $2
acorns Its easier than people think. And when you do it through an ISA or Roth IRA then the dividends and gains are tax free!
acorns What a truly ugly world we've created for ourselves, this is what underpins it all.
acorns this is good advice, but also, don't use acorns
acorns $30
acorns Just buy $1,000 of $GME and hold. That's $2million right there in no time
acorns 0.1 Bitcoin
acorns $2 million will be nothing in a few years at the rate money is being printed
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